[ethanbond]

This is easy: how much did an acre of land in Palo Alto cost then, and how much does it cost now? Why? Why does the price of land “need” to go up? It pays no wages, no rent, no suppliers, no anything. It’s just there being land, no matter what price it is. So why has its price gone up and who benefits from that?

[lupire]

Everyone who lives there benefits from that. Otherwise they wouldn't want to live there.

[ethanbond]

What? People benefit from higher land prices?